On January 9, 2023, RIV Capital Inc. announced that it has scheduled a special meeting of its shareholders for June 6, 2023, in response to the previously announced shareholder requisition from funds that are controlled or directed by JW Asset Management, LLC. The Company stated that as previously announced, JWAM has requisitioned the Special Meeting to, among other things, elect 5 new directors to the board of directors of the Company. The Company also stated that it has set May 3, 2023, as the record date for determining shareholders of the Company who are entitled to receive notice of, and to vote at, the Special Meeting.

In addition, the Company stated that shareholders are not required to take any action at this time and the Company will prepare and deliver to shareholders a management proxy circular in respect of the Special Meeting in accordance with applicable law.